Answer #1Unlike NYC in South Jersey, especially in Atlantic City, all agents are dual agents (that means we work with buyers and sellers). In the particular transaction an agent will be a buyers agent as long as you are not buying their listing.
Anwer #2 Before you buy a condo know the taxes and the condo fee and special assessments and utilities. Then you figure the rent. If it is a good investment for you to get a positive cash flow of at least 10%. Is the asking price around $60,000. You can call me at 609-703-2273 if it is a good building. Some one bedrooms are very good investments
Further, it is our belief that owning rental property beyond a one hour drive from your residence, is a real bad idea.
Down the road, when you go to sell, you will once again appeal to a limited audience due to the size (1 bedroom) of the product.
If you elect to buy, get a 15 year mortgage.